Fri, Apr 5, 7:03am by Mia Chapman
Last Updated Tue, Oct 8, 12:37am
Visa is “everywhere you want to be,” and that includes online casinos. Online casino players want fast and convenient ways to fund their accounts, and Visa is one of the methods most commonly used by online casinos.
Learn more about online casinos that accept Visa, how to make a deposit and cash out using Visa, and some of the advantages of using Visa to fund your online casino account.
Visa is accepted by vendors worldwide, and online casinos are no exception. In fact, Visa and MasterCard are the two most trusted credit card providers by online casinos. The versatility of the brand and the ease of processing makes Visa a trusted payment provider.
With that stated, there are times where you will have difficulty depositing with your Visa card. This is primarily in areas where online gambling is either illegal or in a legal gray area. Australia is a prime example. Where some banks will allow you to deposit with your Visa card, other banks will outright reject your deposit.
It is simple to make a deposit using your Visa. First, start by signing up for a free online casino account with your website of choice. Afterward, you can make a deposit using the following steps:
Most online casinos require that you deposit at least $25 using Visa. Some will require you deposit at least $50. Also, you may be required to pay a fee for using Visa. Often, this fee is about 2.5% or $2.50 on every $100 deposited. Some casinos will wave this fee the first time you deposit.
In many cases, your deposit will credit immediately. Some casinos may take up to 48 hours for your funds to become available for play. Contact customer support for the casino if you experience longer delays in accessing funds.
Unfortunately, there are going to be times where a Visa transaction is declined. Below are a few of the most common reasons:
When this happens, your first step should be to contact customer support for the online casino rather than the bank. Customer support can look at your transaction from their end and give guidance. If it is a matter of your bank needing additional approval, then you can contact the bank. In the cases where your bank does not allow gambling transactions, there are some instances where customer support can process your deposit through a third-party provider.
If a third-party payment processor is not available, then you will have to use an alternative method to make a deposit. Depending on the casino and where you’re depositing from, you may be able to use methods such as Skrill, NETELLER, or other e-Wallets. In areas such as Australia, your only other option may be to use cryptocurrencies such as Bitcoin.
Something else you could try is using a prepaid Visa card. Visa debit cards often do not have the same restrictions on them as bank-issued credit cards. Just buy a card from a vendor and preload it with the money you wish to spend at an online casino and conduct your transaction using the steps listed earlier. Many people have a prepaid Visa exclusively for online gambling purposes. This also allows you to budget the amount of money you spend on gambling.
In some cases, you may be able to cash out using your Visa card. Typically, casinos only allow you to deposit with Visa and require you to cash out using another method. If your casino allows withdrawals using your Visa, you can do so using the following steps:
Online casinos often limit how much you can withdraw at once. The average minimum withdrawal for Visa is $100 with a max of $5,000. Also, you will usually have to pay a fee ranging from 2.5 to 5% of your withdrawal. That’s from $2.50 to $5 for every $100 you cash out.
Before you cash out, your account must be verified by your online casino. This requires that you submit valid proof of identification and residence. A drivers license and a couple of utility bills will often suffice for this process.
If you are unable to cash out using Visa, you can do so using other methods. For Australian poker players, your other methods are often going to be Bitcoin and check by mail.
There are a few advantages of depositing with Visa over other methods. The first is that your deposit is protected against fraud in the same way other online purchases are. Next, Visa gives you the freedom to deposit on online casino sites around the world. Some deposit methods such as Skrill are not available globally. You’ll have difficulty finding a casino that doesn’t accept Visa.
Also, if you plan to use a deposit bonus, you won’t have any problems when depositing with Visa. Some casinos disqualify some deposit methods from bonus offers. Skrill and NETELLER users often find they are not eligible for deposit bonuses. Visa customers never have this problem.